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- Assume that the equivalent-unit cost of a spoiled unit is $8. Compute the amount of potential savings if all spoilage were eliminated, assuming that all other costs would be unaffected. Comment on your answer.Verde Company reported operating costs of 50,000,000 as of December 31, 20x5, with the following environmental costs: Required: 1. Prepare an environmental cost report, classifying costs by quality category and expressing each as a percentage of total operating costs. What is the message of this report? 2. Prepare a pie chart that shows the relative distribution of environmental costs by category. What does this report tell you? 3. What if Verde deliberately did not include the cost of damaging the ecosystem because of solid waste disposal in its environmental cost report? Offer possible reasons for this decision. If consciously avoided, is this decision unethical?IS THIS CORRECT?
- Subject :- AccountThe abnormal spoilage is 300 units and the cost per equivalent unit is $2 for direct materials and $3 for conversion. The inspection point is at the end of processing. There are 600 units in ending Work-in-Process and normal spoilage is 200 units. What is the cost of spoilage shown separately on the cost report?A company has provided the following information for one of its products for each hour of production: Actual velocity – 100 units (per hour); Move time – 20 minutes; Inspection time – 15 minutes; Rework time – 10 minutes. What if waste is reduced by one-third? What is the new MCE?a..33b..23c..15d..60
- H1.ShipCo. produces storage crates that require 1.2 meters of material at $0.85 per meter and 0.1 direct labor hours at $15.00 per hour. Overhead is assigned at the rate of $9 per direct labor hour. What is the total standard cost for one unit of product that would appear on a standard cost card? a. $25.02. b. $11.52. c. $2.40. d. $2.52. e. $3.42.Weighted-average costs per equivalent unit are $2 for direct materials and $3 for conversion. There are no transferred-in costs and no spoilage. 10,000 units are completed and 1,000 are in ending inventory. The cost of goods completed and transferred out is 50,000. What are the equivalent units for materials and conversion using the weight-average method and the FIFO method of process costing?
- Please answer the question below:Weighted-average costs per equivalent unit are $2.10 for direct materials and $3.05 for conversion. There are no transferred-in costs and no spoilage. What is the cost of goods completed and transferred out if 27,000 units are completed and 2,700 units are in ending inventory? Cost of Goods Completed and Transferred out: ?I have a cost accounting question.